The "Lekki-Epe International Airport" Era: From Proposal to Runway
- Zikan Realtors
- Mar 7
- 3 min read
Updated: Mar 9
As of March 2, 2026, the Lekki-Epe International Airport has moved from a "future plan" to an active construction site, fundamentally re-pricing every square meter of land within a 15km radius. Following the 2024/2025 groundbreaking and the partnership with the Summa Group (the Turkish firm behind some of Africa's most modern terminals), the project is currently in the Runway Paving and Terminal Foundation Phase.
This is the single most powerful "Value Driver" for the Epe and Ibeju-Lekki corridors this month.
2026 Development Status
Site Preparation: Perimeter fencing of the 3,500-hectare site in the Aiyetoro/Ibeju-Lekki axis is 100% complete.
Infrastructure Synergy: The airport is being integrated into the Lekki-Epe Expressway expansion, ensuring that by the time the first flight lands (projected Q4 2027), there is a seamless 6-lane connection to Victoria Island.
The "Aviation Town" Masterplan: The Lagos State Government has designated the surrounding area as an "Aviation Town," focusing on logistics, hospitality, and high-density residential hubs.
The "Airport Effect" on Land Prices (March 2026)
The "Pre-Completion" price jump is currently in full swing. Investors who buy now are capturing the final window before "Operational" prices take over.
Location | 2023 Price (Plot) | March 2026 Price | Projected 2028 |
Aiyetoro (Directly Opposite) | ₦12M – ₦18M | ₦45M – ₦65M | ₦120M+ |
Alaro City (Commercial) | ₦45M+ | ₦110M – ₦180M | ₦250M+ |
Epe (Orapada / Poka) | ₦3.5M – ₦6M | ₦15M – ₦25M | ₦45M+ |
Ibeju-Lekki (Coastal) | ₦5M – ₦9M | ₦20M – ₦35M | ₦60M+ |
Why the Airport Changes the Game
1. The Global Logistics Link
Combined with the Lekki Deep Sea Port, the airport creates a "Multimodal Logistics Hub." Goods arriving by sea can be processed and flown out within hours. This makes surrounding land prime for Warehousing and Cold Storage—the highest-yielding commercial assets in 2026.
2. High-Yield Hospitality (The "Transit" Market)
With a projected capacity for 5 million passengers annually, the demand for Short-let Apartments, 4-Star Hotels, and Transit Lounges is already outstripping supply. In March 2026, developers are pivoting from "regular houses" to "Studio Suites" designed specifically for flight crews and business travelers.
3. Decongesting the Mainland
The Lekki Airport is the only viable alternative to Murtala Muhammed International Airport (MMIA). For the millions of residents on the Island and the growing population of Epe, the "Aviation Town" axis will be the primary gateway to the world, permanently shifting the economic center of gravity of Lagos Eastward.
The "Global Acquisition" Warning
Because of the airport's strategic importance, the government has a 7km "Buffer Zone" under strict global acquisition for future expansion.
Investor Tip: Do not buy land in this axis with "Excision in Progress" or "Freehold" titles without a verified Lagos State Government Land Information Certificate. Only properties with a Certificate of Occupancy (C of O) or Governor's Consent are safe from future "Public Purpose" revocations.
Conclusion: The Final Boarding Call
In March 2026, the Lekki-Epe International Airport is the "Jet Fuel" for your portfolio. The current ₦20M plot in Epe is set to become the ₦100M asset of the 2030s.
🏢 Zikan Prop Solutions
🥇 Certified Real Estate Consultant | Multi Award-Winning Realtor
📱 +234 703 000 3514
📲 IG: @zikanpropsolutions
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